Investment, Capital Accumulation, and Growth: Some Evidence From the Gambia 1964-19+L165298

Beddies, Christian

doi:10.5089/9781451853995.001

Cited by 33 publications

(31 citation statements)

References 13 publications

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“…2003; Nachega & Fontaine, 2006). Second who supported the other view that economic growth is caused by factor accumulation (Krugman, 1994;Beddies, 1999;Young, 2000;Iwata et.al. 2003; Nachega & Fontaine, 2006).…”

Section: Introductionmentioning

confidence: 87%

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Factor accumulation and economic growth in Pakistan: incorporating human capital

Munir

Arshad

2018

IJSE

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The objective of this study is to analyze relationship between factor accumulation and economic growth in Pakistan for the time period of 1973 to 2014 using ARDL bound testing approach to cointegration. Considering human capital as a core factor of production we have constructed a series of human capital as average year of schooling and real capital stock is also generated on the basis of gross fixed capital formation. Under endogenous growth model bound testing approach to cointegration suggest that human capital stock, real physical capital stock per worker and GDP per worker are highly cointegrated. Moreover, human capital and real physical capital stock are highly significant and growth friendly. Our findings are consistent with the endogenous growth model suggesting that developing countries like Pakistan should increase share of education and health in GDP in order to accelerate economic growth.

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Section: Introductionmentioning

confidence: 87%

“…2003; Nachega & Fontaine, 2006). Third who consider human capital as an important source of economic growth (Lucas, 1988;Romer, 1986;Beddies, 1999;Haldar & Malik, 2010). Chow (1993), Hu and Khan (1997) and Iwata et al (2003) did not consider human capital as an input factor in their research.…”

Section: Introductionmentioning

confidence: 99%

Factor accumulation and economic growth in Pakistan: incorporating human capital

Munir

Arshad

2018

IJSE

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“…In general, it is common to assign a higher rate of depreciation to developing or low‐income countries. A higher depreciation rate of 20% is adopted in this study, because Nigeria allocates much lower revenues to maintenance expenditures (see Beddies, 1999; Vera‐Martin, 1999; Bayraktar and Fofack, 2007).…”

Section: Econometric Methodology and Datamentioning

confidence: 99%

Role of Governance in Explaining Domestic Investment in Nigeria

Akanbi

2012

South African J Economics

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This study empirically examines the pattern of domestic investment that is consistent with a neoclassical supply-side model of the Nigerian economy. The estimations are carried out with time-series data from 1970 to 2006 using the Johansen estimation techniques. The results conform to the findings of existing literature that real output, user cost of capital, and the level of financial development are significant determinants of domestic investment in Nigeria. The distinctive feature of the study is the significant role played by governance in explaining the longterm pattern of domestic investment in Nigeria. The results from the long-run estimation and the impulse responses revealed that a well-structured and stable socio-economic environment will boost domestic investment over the long run. Therefore, in modelling domestic investment for Nigeria, it is imperative to incorporate the significant role played by governance.

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“…He finds evidence for strong increasing returns (1.47) at the aggregate level, interpreting them as stemming from positive externalities associated with physical and human capital accumulation (Ghura, 1997). Following Ghura's (1997) methodology, Beddies (1999) conducts a similar analysis of the Gambian economy, finding significant evidence for increasing returns (1.51) at the aggregate level. Furthermore, similar results for Singapore are reported by Leigh (1996) and for Taiwan by Tallman and Wang (1994).…”

Section: Literature Reviewmentioning

confidence: 99%

Increasing returns in the aggregate: fact or fiction?

Perälä

2008

Journal of Economic Studies

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If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -This paper aims to investigate whether empirical evidence for scale economies can be found across countries and if so, whether this evidence varies across the stage of development. Design/methodology/approach -The paper uses statistical methods to make comparisons between countries. Findings -The empirical results suggest overall evidence towards aggregate increasing returns across all samples. Within the Cobb-Douglas framework, stronger evidence for aggregate increasing returns is found among samples depicting economies in the early stages of development. The CES framework in turn supports aggregate scale economies for advanced economies, while unitary elasticity of substitution cannot be rejected for less developed economies, giving further support for the Cobb-Douglas estimates.Research limitations/implications -Given that evidence for scale economies is found within different estimation frameworks for different groups of economies, comparative judgment is prevented. The results nevertheless provide evidence on the overall relevance of scale economies within and across groups of economies, while also giving a clear indication of the relevance of stage of development in economic growth and development analysis. Originality/value -The most fundamental insight of the empirical results presented in this paper is that there is no reason to assume that the determinants of growth or the parameters guiding economies' adjustments towards their steady states or growth paths will be similar for economies at different stages of development, given their significant structural differences, whether in terms of production structures and characteristics or consumption patterns.

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Investment, Capital Accumulation, and Growth: Some Evidence From the Gambia 1964-19+L165298

Cited by 33 publications

References 13 publications

Factor accumulation and economic growth in Pakistan: incorporating human capital

Factor accumulation and economic growth in Pakistan: incorporating human capital

Role of Governance in Explaining Domestic Investment in Nigeria

Increasing returns in the aggregate: fact or fiction?

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